Get your edge

LBO Modeling

Build a real LBO model – sources & uses, debt tranches, and full returns analysis.

Hours of lessons 4+
Lessons
9
Level Intermediate
Practice questions
1
Sample lessons
Lesson 1
Lesson 2
Lesson 3
Curriculum Financeable vs Competitors FAQ
Certification Diagnostic
Certification Diagnostic
36 Min
Section 01. What is an LBO?
LBO Basics
Building a Basic LBO Analysis
The Impact of Leverage (i.e. Debt)
LBO Value Drivers
Burn It In!
19 Min
Section 02. How do PE Funds Work?
PE Fund Basics
How PE Funds Operate
Burn It In!
2 Min
Section 03. LBO Modeling Kickoff
LBO Model Case and Process
47 Min
Section 04. Sources & Uses
Typical Uses of Funds
Sources of Funds
S&U in an LBO Model
Time for Excel: LBO Sources & Uses
Time for Excel: LBO Fees
44 Min
Section 05. Pro Forma Balance Sheet
Intro + Income Statement Build
Intro to Pro Forma Balance Sheets
Time for Excel: Pro Forma Balance Sheet
Balance Sheet Projections
Burn It In!
87 Min
Section 06. Debt Tables
The Debt Waterfall
Cash Available for Optional Repayment
RCF, 1 L TL, 2 L TL & Bonds (‘Notes’)
Time for Excel: Debt Tables
Burn It In!
28 Min
Section 07. Interest Expense & Income
Intro to Interest Income / (Expense)
Time for Excel: Interest Income / (Expense)
Burn It In!
26 Min
Section 08. Exit & Returns Analysis
Exit Analysis
Returns Analysis
Time For Excel: Returns and Exit Analysis
Burn It In!
Wrap-Up
Terms & Conditions
FINANCEABLE
The other guys
Gain a deep understanding of the underpinnings of LBOs with our comprehensive, visual Mental Map of an LBO.
Mechanical explanations for each step in the process with little context.
Animated walkthroughs of tricky concepts like Pro Forma Balance Sheets and Sources & Uses.
Static slides with boring voiceovers.
Learn not only ‘how’ to build a model, but also ‘why’ each section matters and ‘when’ to go deeper in your model build, based on our founder’s experiences across IB, PE and HF roles.
The same stale training from the late 1990’s that focuses on ‘how’ to enter data into Excel.
Is prior experience required?
We recommend that you have an understanding of Accounting Fundamentals, Valuation Fundamentals and Financial Modeling prior to attempting this course.
Will this help me with Investment Banking interviews?
Large Investment Banks do not typically require undergraduate interviewees to complete an LBO model. But building models in advance of interviews can solidify your foundational knowledge. With that said, modeling tests are much more common with local and regional banks. Further, if you are aiming to lateral into an Investment Banking role, you are very likely to encounter a modeling test.
Will this help me with Private Equity interviews?
While Private Equity Analyst (i.e. post-undergrad) hires don’t typically have to build a model, we strongly recommend working through at least one model prior to interviewing to build a basic conceptual model of LBO model functionality. Virtually all Private Equity Associate interviews (i.e. post-banking) require candidates to complete a model test.

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